On this episode of Stock Movers:
- Intel (INTC) shares surged in the premarket session after the chipmaker returned to profitability and gave an upbeat revenue forecast, suggesting that it’s making progress on a long and challenging comeback attempt. Fourth-quarter sales will be roughly $13.3 billion, the company said in a statement Thursday. Though that was just below Wall Street’s average estimate, some analysts were still including revenue from a unit that Intel just spun off — money that wasn’t part of the company’s forecast.
- Ford (F) shares climb in premarket trading after the automaker reported third-quarter earnings that beat analyst estimates and signaled it will largely bounce back from a fire that disrupted a key supplier. Ford expects Novelis Inc.’s aluminum factory in Oswego, New York, to resume production as soon as late November and ramp up through year-end, earlier than initially expected, Ford Chief Operating Officer Kumar Galhotra said. The carmaker also plans to build 50,000 more trucks at factories in Michigan and Kentucky in 2026, recouping about half the production it expects to lose this year as a result of the fire.
- Deckers Outdoor (DECK) tumbles in the early session after the owner of the Ugg and Hoka brands forecast 2026 net sales below the average analyst estimate. Analysts note the management annual outlook might be conservative. Hoka is still at an early stage internationally, with room to grow into a multibillion-dollar running-shoe brand, while Ugg's long-term opportunities lie in more product diversity and seasonal mix.
- Alphabet (GOOG) shares leads Magnificent Seven stocks higher in premarket trading, after the company announced Google will supply up to 1 million of its specialized AI chips to Anthropic PBC, a deal worth tens of billions of dollars that deepens its partnership with the fast-growing artificial intelligence startup. The arrangement, announced Thursday, gives Anthropic vastly more computing capacity while cementing Google’s position as both a major investor and key infrastructure provider in the escalating race to power large AI models.
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